Scroll (SCR) Token Launch: A Step Towards Decentralization

The token launch comes as Scroll aims to enhance its governance and solidify its role as a key player in the Ethereum ecosystem.

Scroll (SCR), a Layer 2 (L2) scaling solution for Ethereum, has announced the launch of its native token, SCR. The token will play a crucial role in enhancing Scroll's governance and solidifying its position within the Ethereum ecosystem.

According to Scroll, SCR is a fundamental element in building scalable and secure infrastructure. It will serve as the governance token of the Scroll network, enabling users to participate in key protocol decisions. Over time, the token will evolve into a utility token, used to incentivize provers and ensure the security of the network’s sequencers.

In its official announcement, Scroll stated:

“We are excited to launch SCR, marking the first step toward decentralization. Our vision is to create a global network that provides access to distributed applications and services.”

The SCR token will be available through Binance, which will offer pre-market trading for SCR starting October 11. This will allow early investors to participate before the token's official spot market listing.

The airdrop will reportedly reward early adopters who have actively participated in the Scroll ecosystem.

The Role of SCR in Scroll's Ecosystem

As part of Scroll's long-term roadmap, three critical rights need to be decentralized: governance, proving, and sequencing. Here's how SCR will be involved in each aspect:

Governance Right: SCR will be used to decentralize governance through Scroll's DAO. This will allow the community to have a say in important protocol decisions, preventing any single entity from controlling the network.

Proving Right: Once governance is decentralized, SCR will be used to incentivize external parties to run provers. Provers are essential for verifying transactions on the network, and this decentralization will ensure long-term sustainability.

Sequencing Right: Sequencers are responsible for ordering transactions and producing L2 blocks. Decentralizing this function is crucial for censorship resistance and ensuring transaction finality. SCR will be integral to this process.

Airdrop and Token Distribution Strategy

The total token supply is 1,000,000,000 SCR, and its distribution will be as follows:

Airdrops: 15% of the total supply will be allocated for airdrops, with 7% reserved for the first airdrop and 8% for future airdrops over the next 12-18 months. The first airdrop will reward active on-chain users and contributors to the Scroll ecosystem.

Ecosystem & Growth: 35% of the total supply is reserved for ecosystem growth, with 10% allocated to the Scroll DAO Treasury. This allocation is designed to fund community initiatives and further Scroll's mission of creating an equitable financial system.

Scroll Foundation Treasury: 10% of the total supply is allocated to the Scroll Foundation to fund ongoing operations and activities for the next four years.

Core Contributors: 23% of the supply is allocated to core contributors, including the team, advisors, and future contributors. These tokens will be vested over four years.

Investors: 17% of the supply is allocated to investors who supported the project from its early stages. These tokens will unlock over a four-year period.

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